As steel price moved downward in Asia, Taiwan’s China Steel Corp. (CSC) is expected to lower its exports price for August and September.
The market analyst said that CSC’s price is obviously much higher than market price, so it shall cut its price by at least US$50/ton to get close to market price.
On the other hand, CSC said although current price is moving downward, the price cut may be not as much as market expectation, since the raw material cost for third quarter will goes up definitely.